City of London Group

Completion of Milton Homes sale

Following FCA approval of the change in control

On 6 September 2021, the Board of COLG (AIM:CIN) announced that it had signed a sale and purchase agreement for the sale of Milton Homes Limited (“Milton”) to Max Barney Investments Limited (“MBIL”) for a total consideration of £9.3 million (the “Disposal”), which was conditional on receiving regulatory approval from the Financial Conduct Authority for the change in control of Milton and of its lender.

We are pleased to announce that the Financial Conduct Authority approved the change in control on 25 February 2022, so satisfying the relevant condition in the Disposal.

Read the full announcement here.